Workflow
Stagwell (STGW) - 2024 Q4 - Annual Report

Employment and Workforce - As of December 31, 2024, Stagwell employed approximately 11,857 full-time employees and 2,750 contractors and part-time employees[72]. - Stagwell operates in over 40 countries and has an additional presence in 26 countries through its Global Affiliate Network[71]. - Stagwell's human capital management strategies focus on competitive benefits, talent retention, and employee engagement[74]. - The company has developed a professional development program for senior leadership and emerging leaders to align individual growth with organizational strategy[78]. - The company has a centralized human capital management process that includes executive compensation and succession planning[74]. Revenue and Financial Performance - The primary source of revenue comes from agency arrangements, including fees for services, commissions, and performance incentives[71]. - A 10% increase or decrease in interest rates would change the annual interest expense by 2.9million[317].FortheyearendedDecember31,2024,Stagwellrecordedanimpairmentchargeof2.9 million[317]. - For the year ended December 31, 2024, Stagwell recorded an impairment charge of 1.7 million related to right-of-use lease assets[320]. - Stagwell's revenue and expenses from non-U.S. operations are primarily denominated in their functional currencies, reducing the impact of currency fluctuations[319]. Regulatory Environment - Stagwell's brands are subject to various laws and regulations affecting marketing communications and data protection[83].